Limerick shopping centre firm to be wound up

The company behind the aborted Opera shopping centre development in Limerick is to be wound up, leaving its shareholder and banks with losses of €135 million.

Ian Kehoe - avatar

Ian Kehoe

30th December, 2012

The company behind the aborted Opera shopping centre development in Limerick is to be wound up, leaving its shareholder and banks with losses of €135 million.

The directors of Regeneration Developments have decided to appoint liquidators to the company when it manages to offload an adjoining car park.

Regeneration assembled the Limerick site and aimed to turn it into a €350 million shopping centre. However, the land was recently sold by the National Asset Management...

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